CharityIntelligence Canada

Alzheimer Society of Canada

20 Eglinton Ave. West, Suite 1600
Toronto, ON M4R 1K8
CEO: Pauline Tardif
Board Chair: Marjorie Sullivan

Website: www.alzheimer.ca
Charitable Reg. #: 11878 4925 RR0001
Sector: Health
Operating Charity

Results Reporting

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #21

Avg. Compensation $81,219

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 1
$80k - $120k 5
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Alzheimer Society of Canada:

Founded in 1978, Alzheimer Society of Canada is based in Toronto, Ontario. It has 10 provincial societies across Canada with many more societies in local communities. The charity funds dementia research and works on improving public policy for those affected by dementia.

Dementia is the umbrella term for a set of chronic diseases affecting the brain. These diseases impair memory, thought process, and speech, thus preventing a person from performing their daily activities. Alzheimer’s disease is the most common form of dementia.

564,000 Canadians are currently living with dementia. Alzheimer Society of Canada estimates a cost of $10.4 billion a year to care for those with dementia in Canada. The charity estimates that this will increase by 60% to $16.6 billion a year by 2031.

Alzheimer Society Research Program (ASRP) is one of the charity’s major programs. It funds research projects looking for treatments and possible cures for dementia. Many of the researchers aim to improve the quality of life for those affected by dementia. In 2017, the ASRP gave $2.8 million to fund 25 research projects.

Alzheimer Society of Canada has not posted a recent annual report since March 2015.

Results and Impact: The charity’s advocacy efforts resulted in Canada passing Bill C-233 on June 22, 2017, an act targeting a national strategy for Alzheimer’s disease and other dementias. Canada now becomes the 30th country to launch a plan to address the overwhelming scale, impact, and cost of dementia.

Financial Review:

The Alzheimer Society of Canada is a large charity that collected $13.4m in donations in F2017. Administrative costs are 4% of revenues and fundraising costs are 35% of donations. For every dollar donated to the charity, $0.61 goes towards the cause. This falls outside of Charity Intelligence’s reasonable range of 65-95 cents.

Funding reserves total $13.8m and donor-endowed funds represent 7% of this amount. Excluding donor-endowed funds, the charity’s reserves cover program costs 1.9 times. This means that the charity has enough funds to cover 22 months of program costs.

Charity Intelligence has recorded revenue received from provincial chapters as Other Revenue. Ci has also recorded revenue flowed to provincial chapters as Other Costs. In F2017, $11.2m was received from provincial chapters, while $11.5m was given to provincial chapters.

For donors looking to give intelligently, Ci recommends donating online. Direct mail fundraising costs were $3.6m to raise $6.1m in donations in F2017, representing a fundraising cost of 58%.

This charity report is an update that was sent for review to Alzheimer Society of Canada. Changes and edits may be forthcoming.

Updated on June 4, 2018 by Derek Houlberg.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 3.6%3.8%3.0%
Fundraising costs as % of donations 35.1%40.4%35.2%
Program cost coverage (%) 199.9%152.7%146.3%

Summary Financial Statements

All figures in $000s
201720162015
Donations 13,39911,99612,081
Government funding 0795105
Investment income 355402411
Other income 11,29012,5136,506
Total revenues 25,04425,70719,104
Program costs 2,2352,9993,034
Grants 4,6674,8203,666
Administrative costs 898965559
Fundraising costs 4,7094,8444,247
Other costs 11,48810,9617,820
Cash flow from operations 1,0451,118(221)
Funding reserves 13,79711,9409,803
Note: On April 1, 2017, Alzheimer Society of Canada changed how revenue and expense from its provincial societies were recorded. This has changed prior financials extensively. Ci adjusted for total deferred donations (net of government funding), affecting total revenues by $1.2m in F2017, $0.8m in F2016, and $40k in F2015. In F2015, the charity reported direct mail revenue net of costs while in F2016 and F2017 it was recorded gross. This means that other income and other costs are understated for F2015.